Saturday, February 27, 2010

Sickly Symptoms

Here comes the rain again
Raining in my head like a tragedy
Tearing me apart like a new emotion
--Eurythmics

Markets are moving much more on news related to government intervention than on business fundamentals. Interest rate policy, sovereign debt defaults and bailouts, rule changes on short selling, government assistance programs--developments here dominate the price action.

How healthy can finanical markets be when markets depend on the extent of interventionary measures?

Seems more a an addiction/dependence relationship to me.

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